Restructuring plans
Government statistics confirm that 2025 saw an increase in sanctioned restructuring plans (under Part 26A of the Companies Act 2006) from the previous year but with numbers remaining relatively low. The majority of those restructuring plans and historically, have been the preserve of larger corporates, with SMEs likely to have been discouraged by complexity and significant cost implications.
Case law and procedural reform
Recent case law and procedural reforms signal a shift towards scrutiny of fairness, enhanced creditor engagement, and improved transparency.
The Court of Appeal decisions in Re Thames Water Utilities Holdings Ltd [2025] EWCA Civ 475 and Saipem SpA & Ors v Petrofac Limited & Anor [2025]…